The following is a guest post.

The intelligent use of tools is what distinguishes us from animals. We became self-aware and capable humans when we learned how to do things with other things -  that is how to achieve something using tools. This, if anything, was the sign of human’s advanced brain power.

In 1960 Dr Jane Goodall observe two chimpanzees pick up twigs, strip them of leaves, and use them as tools to search for termites in the ground, which they then ate. It was the first time a creature other than a human had been observed using something like a tool to get something done, and was a sure sign of creative and intelligent life.

Using a tool is instinctive, natural and satisfying. Neither you nor that chimp would attempt to use a tool for something other than what it was designed for. (Cat’s note – I’m pretty sure I’ve used tools for things other than what they were designed for :) ) The importance of using the correct tools can’t be underestimated. It has a great impact on the quality and efficiency of your work. Quality and efficiency are, after all, the reasons that we use tools in the first place.

If you are embarking on a home renovation, make sure you go to a specialized hardware store like Sunlite Mitre 10 and find the very specific tools you need for whatever renovation task you are doing. You can’t achieve precision and exactitude without the correct tools. Imagine trying to drive a nail in with a spirit level. Unimaginable right? You need a hammer, and one with the correct weight. Don’t be a monkey, use the right tools!

Have you ever tried doing home repair or renovation without the right tools? How did it go?

Hey folks. Modest Money is one of my favourite PF bloggers and an all round nice and helpful guy.  He’s made quite a success out of his blog and has decided share some of his secrets. Please check out his Guide to Starting a Blog.

I’ll have to fess up – I don’t actually have any kids myself, but I do have 4 nieces and a nephew – and of course, was a child once upon a time myself! :) Here are some great ways to encourage kids to learn to be financially responsible at a young age:

  • Be a good role model. Your kids will be better with money if you’re good with money!
  • Teach them to seize opportunities.  Yes, some folks in life are luckier than others, but being prepared, and willing to seize an opportunity when it presents itself goes a long way!
  • Teach your kids about persistence as a financial planning to.  They need to learn to think about both the short term and the long term.
  • Get a job! Kids (like anyone) appreciate things a lot more if they earned them. I know that working several years to help pay for my first year of university made me appreciate it a lot more – no way was I going to flunk out and waste all that money.  It also helps you learn good work either, how to cooperate with others, and usually, how to interact with the public.
  • Teach them the joy of compound interest. The earlier you start, the more it can do for you!

What’s the best financial lesson you’ve taught a child or were taught yourself as a child?

It’s pathetic, but it’s 8 p.m and I’m wiped. I’ve enjoyed everyone’s posts this week – got to almost everyone’s site at least once, but I’m just too darned tired to post a round up. Have a great weekend -I’ll be back Monday.

Seriously  folks – who wants to listen to me babble on endlessly? I’ve had a few guest posts and would love more. Pretty much any topic, as long as it’s finance based in some way is acceptable! If you’re interested, please check out my guest posts policy.

Newer blogs – don’t be shy! I would love to hear from you  – and free links/publicity are always good!

I think I’ve cleared up my virus problems. I’m going to give it one more day and then I’ll start posting again.

It’s up! I was gone all weekend, and came back to a great surprise!

So – many thanks to Jeremy at Modest Money for helping find someone to help design a new theme. And that someone is Brent Lawson, who has been fantastic! Please check out his site Brent Lawson Creative.

 

 

It’s a holiday today for me! Yay! So I’m off. I hope those of you who also get this holiday are enjoying it! I’ll be posting again tomorrow.

I pulled an article from the April 2012 Report on Business magazine, comparing prices from now to 1987. It was fairly interesting. Here’s a few of the highlights.

Cheaper now than 1987

  • Top of the line Apple computer
  • Microwave
  • Large screen T.V
  • Ralph Lauren Women’s Cotton Shirt

More expensive than 1987

  • Harvey’s Hamburger and fries – 6.76 now vs 2.13 then.
  • Basic cable – 38 now vs 10 to 12 then
  • Bottle of Dom Perignon – 220 now vs. 85.25 then

Way way more expensive than 1987

Toronto home – 481,000 vs 195,000!

It also indicated the average Canadian family income was 37,118 in 1987, and it’s 62,500 now (well, as of 2009 according to Stats Canada). I’m guessing it’s both inflation and the fact there are more 2 income families that have made it rise.

Did you find this interesting? Anything surprise you? I knew fast food was getting more expensive! :)

What did I write about this week?

And what did I enjoy around the blogosphere this week?